empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

05.06.202316:41 Forex Analysis & Reviews: Technical analysis on GOOG stock price for June 5th, 2023

Exchange Rates 05.06.2023 analysis

Red lines - bullish channel

Black lines- ascending triangle pattern

GOOG stock price remains in a bullish trend making higher highs and higher lows. In previous posts we talked extensively about the upside potential targets following our April and May analysis. Short-term price action suggests that another bullish formation is in the making and GOOG stock price could continue its upward move towards $132 at least. GOOG stock price has formed an ascending triangle pattern after the bullish channel price was in. This is a continuation pattern and when price breaks above $127 on a daily closing basis, we will get a new bullish signal targeting at least $132. Traders should not forget to check the RSI for any possible bearish divergence warning. Support is at $123. Bulls do not want to see price break below this level.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.